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Become a member of MIT Federal Credit Union today.

Answer three quick questions to get your membership started!

Start your membership!

MIT Federal Credit Union offers an array of financial products and services for the greater MIT Community, and that includes Draper. In fact, we offer a special loan exclusively available to Draper employees.  Membership is also open to family and housemates.* With ATMs and branches located in Cambridge and around the country, why not get started on your financial goals now? Build your credit, start saving, and develop long term plans for a financially healthy future.

Draper Loan

An exclusive benefit for Draper employees

Loan Details**

  • Up to $10,000 for full-time, or $5,000 for part-time employees
  • One loan per employee
  • 0.00% APR (That's right, zero percent!)
  • Terms up to 36 months

Required Docs

  • Current Draper paystub
  • Draper employee badge
  • Consent Form
  • MIT FCU Membership

Apply Now


*Membership benefits extend to eligible individual’s immediate family members and people living in the same household. Immediate family includes a spouse, child, sibling, parent, grandparent, or grandchild, including stepparents, stepchildren, stepsiblings, and adoptive relationships.

**APR = Annual Percentage Rate. A $10,000 loan would result in 36 equal payments of $277.78. Full-time employees working 40 hours or more, part-time employees working less than 40 hours. Contractors, Per Diems, Students, Residents and Draper Fellows are not eligible for this loan.

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